OIL

10,863 articles

Britain says Iran tried to 'impede' UK tanker in Gulf
Jul 11, 2019 (AFP)
The incident in the narrow but busy Strait of Hormuz occurred on Wednesday after President Donald Trump ratched up his own administration's pressure even furthe...
US plans Gulf naval escorts after Iranians menace UK oil tanker
Jul 11, 2019 (AFP)
The White House's nominee to become chairman of the Joint Chiefs of Staff, General Mark Milley, said Washington was attempting to put together a coalition "in t...
Ecuadorans end Chevron pollution lawsuit in Canada
Jul 09, 2019 (AFP)
Patricio Salazar, a lawyer for some of the plaintiffs, said in a statement on Tuesday his clients made the decision after "much soul searching" and were conside...
Oil giant Total's chief announces new unit to invest in forests
Jul 06, 2019 (AFP)
"We want to set up a business unit to invest in projects that will preserve forests," chief executive Patrick Pouyanne told a meeting to discuss economic issues...
Gunmen kidnap two Chinese workers, kill Nigerian guard
Jul 05, 2019 (AFP)
The abduction took place Wednesday at the town of Utesi in the southern Edo state, a senior police officer told AFP. "The Chinese were seized by unknown gunmen ...
Iran state TV blasted over report on secret oil sales
Jul 03, 2019 (AFP)
Washington abandoned a landmark 2015 nuclear deal between Tehran and world powers last year and reimposed sanctions on the Islamic republic's crucial oil sales ...
Cash-strapped Northern Territory eyes gas reserves to beat debt
Jul 03, 2019 (AFP)
With debt set to surge past Aus$6 billion next year, quadrupling from just two years ago -- and estimated to hit Aus$35 billion in a decade -- lawmakers are des...
OPEC hints at oil production cuts continuing, sending crude prices up
Jul 02, 2019 (UPI)
Brent prices were up 2.2 percent to $66.19 per barrel while U.S. prices climbed 2.4 percent to $59.86 a barrel. The Organization of Petroleum Exporting Countrie...
China to ease limits on foreign investment in oil and gas
Jul 02, 2019 (UPI)
Xinhua reported the National Development and Reform Commission of the People's Republic of China said Sunday sectors including oil exploration and mining are to...
Natural gas boom on 'collison course' with climate goals
Jul 02, 2019 (AFP)
More than 200 liquified natural gas (LNG) terminals are either under construction or in planning worldwide, mainly in North America, representing an outlay of $...
Climate campaigners 'greatest threat' to oil sector: OPEC
Jul 02, 2019 (AFP)
Speaking in Vienna after a meeting of the oil producers' club and its partners, Mohammed Barkindo said that as extreme weather events linked to the climate cris...
Condemnations pour in over death of detained Venezuela navy officer
Jun 30, 2019 (AFP)
Washington blamed Maduro for the death of Rafael Acosta Arevalo, which came amid a standoff between Venezuela's opposition chief Juan Guaido and the president t...
Sudan general warns against 'vandalism' ahead of mass protest
Jun 29, 2019 (AFP)
General Mohamed Hamdan Dagalo's warning came after the country's umbrella protest movement called for a "million-man" march in Khartoum on Sunday against the ge...
China snubs US sanctions on Iranian oil exports
Jun 28, 2019 (AFP)
"We reject the unilateral imposition of sanctions," said Fu Cong, Director General of the Chinese Foreign Ministry's Department of Arms Control. The United Stat...
Russia rotates 'technicians' in crisis-hit Venezuela; As 'coup' plot thwarted
Jun 27, 2019 (AFP)
Russia -- whose president, Vladimir Putin, meets his US counterpart Donald Trump later this week -- angered Washington three months ago by sending around 100 mi...
Hydrogen-natural gas hydrates harvested by natural gas
Jun 24, 2019 (SPX)
The research team of Professor Jae Woo Lee from the Department of Chemical and Biomolecular Engineering in collaboration with the Gwangju Institute of Science a...
US-Iran fears buoy oil prices as focus turns to Trump-Xi talks
Jun 24, 2019 (AFP)
Both main crude contracts are up almost 10 percent since Tehran last week shot down a US "spy drone" for breaching its airspace, ratcheting up fears of a confli...
US military consumes more hydrocarbons than most countries
Jun 24, 2019 (SPX)
Research by social scientists from Durham University and Lancaster University shows the US military is one of the largest climate polluters in history, consumin...
Pompeo meets Saudi king for Iran crisis talks
Jun 24, 2019 (AFP)
Both the US and Iran say they want to avoid going to war, but tensions have spiked after Tehran shot down an American drone and a series of attacks on tankers i...
Sudan generals call for joint AU, Ethiopia transition plan
Jun 23, 2019 (AFP)
The generals, who seized power after ousting president Omar Bashir in April, expressed reservations about an Ethiopian proposal that, according to protest leade...
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